Seems like a fun little weekend project, but if you wanna learn mining, better to pick up a cheap S9.
Discussion
Thinking about that too, but energy costs where I live are insane, so a miner/heater isn’t really a great option right now either
I get you, but keep in mind that S9s are so cheap that even if you only fire it up as a learning tool, you may be able to justify the cost.
I agree go with S9. It won't be sexy, but mining isn't supposed to be sexy.
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Why not?
If we want to improve #plebmining we must make it sexier and easier, imo.
If we want to improve pleb mining we need to make it profitable, not sexy.
Bitcoin mining is an intustrial enterprise and a bitcoin miner is a piece of industrial equipment. This is why I like learning on an S9.
If we educate the plebs at home they can bring it to scale profitably in as many places as possible around the world.
Absolutely. IT networking is one thing, but an ASIC will have you falling down the electrician rabbit-hole!⚡️
Profitability is important, true, but plebs do many things unprofitable.
Running a Bitcoin Node is not 'profitable' either, but people run them because they want to participate and belong to the network.
The success of #nerdminer is a clear example.
Homemining should be easier and sexier.
Is not going to be never as profitable as industrial mining. It can't compete with industry but I think it deserves to exist by its own merits.
Perhaps if it was integrated into more products as many have suggested, i.e. forced-air home heating, clothes drying, water heating, etc. To be sure, these are all still industrial-type solutions that justify the electrical cost in utilizing the heat byproduct.
Agree. But this won't happen until mining chips are significantly cheaper. And even when it scales to IOT like residential applications it won't be significant compared to stranded / wasted energy mining.
I absolutely love plebs mining at home. I do it every winter unprofitably. But I am doing next to nothing to secure the bitcoin network even when my miner is running.
But I am talking with my company about investing in 25MW of bitcoin miners to capture wasted electricity in Kansas (1500 miles away from me).
This is what plebs do.
Sexy mining will not stand the test of time because it is essentially pointless. Running a node at least verifies all my transactions.
While I agree with the general sentiment. Running a BTC node ia not directly profitable, but it is a profit seeking measure. Running your own node aside from other things is a mitigation method aimed at preventing an attack on your money.
Just like investing into maintenance of your car isn't directly profitable, you do it to mitigste the possibility of your brakes not working when you need them potentially costing you a lot of money and possibly even your life.(and not only yours)
Cool, that’s a great point 🙏
Keep hearing that S9 are so cheap right now, but I can't find where to buy one for less than 150€ or 200€ in the European Union.
I'd appreciate some tips to where to get a cheap one 🙏
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In Brazil they cost 400 USD. I would like a cheap one if anyone can help.
Maybe nostr:npub1q4zl8v0cpeu0lv47msq2z0jpkr2q3wq5d4ukylxg9sx7t7rcz0uq5ftv7q can hook it up.
I think that may be the floor, unless you can get a deal at a meet up. I think we’re also going to see the used ASIC market heat up into the halvening. Just my two sats.